Guideline Value for T.H. Road 1st Lane

T.H. Road 1st Lane guideline value

The current guideline value of T.H. Road 1st Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of T.H. Road 1st Lane has changed

The guideline value for T.H. Road 1st Lane has undergone several revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street for the years 2003, 2007, 2017, and 2023. The 2012 revision set the guideline value at Rs 2,000 per sq.ft, which increased to Rs 2,700 per sq.ft in the 2024 revision, marking a change of +35%.

In summary, the guideline value has evolved from Rs 2,000 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024. This current figure aligns with the median guideline value for the 1,318 streets in Kodungaiyur that also carry a 2024 value.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values range from Rs 1,900 to Rs 4,000 per sq.ft, with a median of Rs 2,700 per sq.ft, which is the same as the guideline value for T.H. Road 1st Lane. Below are the guideline values for other streets in Kodungaiyur:

• T.H. Road 2nd Lane: Rs 2,700 per sq.ft (2024)
• T.H. Road 3rd Lane: Rs 2,700 per sq.ft (2024)
• Thoppai Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• Tholkappiar Street: Rs 2,200 per sq.ft (2024)
• Thiyagarayar Street: Rs 2,200 per sq.ft (2024)
• Thiyagaraya Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in T.H. Road 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.H. Road 1st Lane?

The Sub Registrar Office that covers T.H. Road 1st Lane is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value is a critical factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of T.H. Road 1st Lane?

The current guideline value of T.H. Road 1st Lane is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,000 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting a +35% increase. The register has no figures for the years 2003, 2007, 2017, and 2023.

What are the guideline values of other streets in Kodungaiyur?

Other streets in Kodungaiyur have varying guideline values, with T.H. Road 2nd Lane and T.H. Road 3rd Lane both at Rs 2,700 per sq.ft. Other streets like Thoppai Vinayagar Koil Street, Tholkappiar Street, Thiyagarayar Street, and Thiyagaraya Nagar 2nd Street are valued at Rs 2,200 per sq.ft.

How is stamp duty calculated for property in T.H. Road 1st Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 27,00,000, the stamp duty at 7% would amount to Rs 1,89,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for T.H. Road 1st Lane is the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details by visiting the appropriate link.